Is AMETEK, Inc. overvalued or undervalued?

As of 7 November 2025, the valuation grade for AMETEK, Inc. has moved from attractive to very attractive, indicating a strong improvement in its perceived value. The company appears to be undervalued based on its financial metrics, with a P/E ratio of 34, an EV to EBITDA of 22.29, and a PEG ratio of 4.40. In comparison, peer Hubbell, Inc. has a lower P/E of 27.44 and an EV to EBITDA of 18.31, suggesting that AMETEK may be priced more aggressively relative to its peers.
Despite recent challenges, including a 1-week return of -2.88% compared to the S&P 500's -1.63%, AMETEK has shown resilience with a year-to-date return of 8.89% against the S&P 500's 14.40%. This performance, along with its strong valuation ratios, supports the conclusion that AMETEK, Inc. is undervalued in the current market.